Bucharest Stock Exchange investors, either retail or institutional and maybe even Pillar II private pension funds, put in orders to sell 3.28 billion Fondul Proprietatea (FP.RO) shares in the Fund’s buyback offer, which pays a premium on the trading price. Following the acquisition, the Fund will cancel these shares.
Nuclearelectrica and Framatome have announced the signing of a cooperation agreement to explore the possibility of producing the medical isotope Lutetium-177 at the Cernavoda nuclear power plant.
A third of companies worldwide (34%) anticipate a significant increase in their group’s global effective tax rate, as a result of the implementation of the two-pillar global tax reform coordinated by the Organization for Economic Co-operation and Development (OECD), down from 47% in 2022, according to Deloitte 2023 Global Tax Policy Survey.
A team of deal specialists of PwC Romania and lawyers of D&B David si Baias assisted the shareholders of Paola Confectii in the sale of the business to Canadian group Canada Goose.
Shipbuilder Santierul Naval Orsova has sealed a EUR2.6 million contract for the construction of a river ship for Gebr.DE JONGE Shipbuilding Services of the Netherlands.
Automotive wiring maker Kromberg & Schubert Romania NA, the local subsidiary of Germany’s Kromberg & Schubert, currently has 50 jobs available at the plant of Nadab locality, located around 40 km from Arad county.
CloudCart, the professional eCommerce-as-a-service platform, has launched CloudIO, an innovative AI solution available to all 1600 customers – online merchants across seven countries, including Romania, where the company operates.
Made by Society, the former Vagabond Studio, one of the most powerful Romanian fashion brands by sales and size of the retail chain, plans to expand to Poland, after having opened stores in the UK and Bulgaria. Expansion in Poland will be done both directly and via franchisees.
Timisoara-based fuel supplier Artoil, controlled by Alexandra and Alex Bunceanu, ended the first nine months of 2023 with a turnover of nearly RON820 million (EUR165.6 million), down 3.5% from a turnover of RON850 million (EUR172.4 million) reported in the same period of 2022, as per company data.
New car registrations stood at 132,538 in January–November, an increase of 13.4% on the year-ago period’s 116,891 units.